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February 2014 Update on Federal Budget Sequestration Affecting Build America Bonds and Other Direct Pay Bonds

by Joe E. Forrester
Edwards Wildman Palmer LLP - New York Office

Christie Lombard Martin
Edwards Wildman Palmer LLP - Boston Office

Antonio D. Martini
Edwards Wildman Palmer LLP - Boston Office

February 27, 2014

Previously published on February 2014

On February 15, 2014, President Obama signed into law S. 25, An Act to ensure that the reduced annual cost-of-living adjustment to the retired pay of members and former members of the Armed Forces under the age of 62 required by the Bipartisan Budget Act of 2013 will not apply to members or former members who first became members prior to January 1, 2014, and for other purposes.


The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance.

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